In March on back of expectations of rapid recovery & inflation, yield on US 10-year Treasuries surged to 1.8%. Then as bonds rallied surprisingly strongly, yield fell back to 1.13%. -> hedge funds betting on reflation trade have piled up large losses.
ft.com/content/4f2c0c… https://t.co/63Q6vZdBRl
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…